Did the state give away too much in its eagerness to get a gas pipeline project? Alaska

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Did the state give away too much in its eagerness to get a gas pipeline project? Alaska

The state will make roughly the same amount of money with the contract negotiated under the Stranded Gas Act that than it would have under the current fiscal system.

We have given fiscal certainty to the project, and we have assumed some project risk by assuming an ownership interest. That's what it takes to make this long-awaited gas pipeline a real possibility.

The terms in this contract are better for Alaska than are the terms for any entity supplying gas to the contiguous United States, according to Dr. Pedro van Meurs, who said: "The Alaska deal is the best deal in the world supplying the lower 48 in terms of government take from the frontier areas that are supplying this area. So we will have a deal that is better than any other supplier of the lower 48; better than the Mackenzie Valley; better than Nova Scotia, better than Venezuela, better than Trinidad, better than Indonesia, better than Peru."

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